Landers Company manufactures and sells furniture. The company sold $50,000 of furniture on account to a customer. The cost of the furniture was $30,000. What are the effects of the transaction on the financial accounts? Assume the company uses a perpetual inventory system. Accounts receivable increases $50,000, finished goods inventory decreases $30,000, and retained earnings increases $20,000, Accounts receivable and retained earnings increase $50,000. Accounts receivable and stockholders' equity increase $20,000. O Finished goods inventory and stockholders' equity decrease $30,000